Stifel Financial Corp Lowers Position in Conagra Brands, Inc. (NYSE:CAG)

Stifel Financial Corp decreased its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 34.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 614,090 shares of the company's stock after selling 322,237 shares during the quarter. Stifel Financial Corp owned 0.13% of Conagra Brands worth $19,970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Courier Capital LLC grew its holdings in shares of Conagra Brands by 1.3% during the 3rd quarter. Courier Capital LLC now owns 27,062 shares of the company's stock valued at $880,000 after purchasing an additional 355 shares during the last quarter. CWM LLC lifted its stake in shares of Conagra Brands by 0.4% in the 3rd quarter. CWM LLC now owns 87,222 shares of the company's stock valued at $2,836,000 after acquiring an additional 359 shares during the last quarter. Empirical Finance LLC boosted its holdings in shares of Conagra Brands by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 16,379 shares of the company's stock valued at $533,000 after acquiring an additional 362 shares in the last quarter. Arkadios Wealth Advisors grew its position in Conagra Brands by 0.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company's stock worth $1,716,000 after acquiring an additional 376 shares during the last quarter. Finally, Bridgewater Advisors Inc. increased its holdings in Conagra Brands by 1.5% in the 3rd quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company's stock worth $820,000 after purchasing an additional 376 shares in the last quarter. Institutional investors own 83.75% of the company's stock.

Analyst Ratings Changes

CAG has been the topic of several research reports. Wells Fargo & Company boosted their price target on Conagra Brands from $30.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. The Goldman Sachs Group assumed coverage on shares of Conagra Brands in a research report on Monday, August 12th. They issued a "buy" rating and a $36.00 price target for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $29.00 price target on shares of Conagra Brands in a report on Thursday, October 3rd. Bank of America reduced their price objective on shares of Conagra Brands from $34.00 to $33.00 and set a "neutral" rating on the stock in a research note on Thursday, October 3rd. Finally, BNP Paribas raised Conagra Brands to a "strong-buy" rating in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.63.

Conagra Brands Trading Up 0.4 %

Shares of Conagra Brands stock traded up $0.10 on Tuesday, hitting $27.84. 4,274,644 shares of the company's stock traded hands, compared to its average volume of 4,760,948. The company has a fifty day moving average of $28.59 and a two-hundred day moving average of $29.65. Conagra Brands, Inc. has a one year low of $26.21 and a one year high of $33.24. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 2.80 and a beta of 0.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.07). The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.84 billion. Conagra Brands had a return on equity of 13.71% and a net margin of 4.14%. Conagra Brands's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, sell-side analysts expect that Conagra Brands, Inc. will post 2.59 earnings per share for the current year.

Conagra Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, October 31st were given a dividend of $0.35 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.03%. Conagra Brands's dividend payout ratio (DPR) is presently 135.92%.

Conagra Brands Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.